Buyers Look to U.S. Rates

The MIB-30 Index of blue-chip stocks was up 4.7%, or 1290 points, to 28,742. The broader MIBtel index was up 4%, or 742 points, to 19,297 while the Midex index of small- and medium-sized companies was up 1.3%, or 242 points, to 19,129.

Sentiment was high on widespread expectation that the U.S. Federal Reserve...